Securities Brokerage and Stock Exchange Services Market Report 2026

The securities brokerage and stock exchange services market size has grown strongly in recent years. It will grow from $2.21 trillion in 2025 to $2.37 trillion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to expansion of capital markets participation, growth of institutional investment activity, increasing globalization of financial markets, rising availability of market data, development of electronic trading infrastructure.

The securities brokerage and stock exchange services market size is expected to see strong growth in the next few years. It will grow to $3.3 trillion in 2030 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increasing integration of blockchain-based settlement systems, rising demand for real-time market analytics, expansion of digital asset trading services, growing adoption of robo-advisory platforms, increasing regulatory digitization initiatives. Major trends in the forecast period include increasing adoption of online trading platforms, rising use of algorithmic and ai-based trading, growing demand for low-cost brokerage services, expansion of retail investor participation, enhanced focus on regulatory compliance tools.

Economic growth and wealth accumulation are anticipated to drive the expansion of the security brokerage and stock exchange services markets in the future. Economic growth and wealth accumulation refer to the increase in a country's production of goods and services over time, resulting in higher income levels and improved living standards for its population. This growth leads to increased disposable income, encouraging more individuals to participate in financial markets and creating a heightened demand for securities brokerage and stock exchange services. For example, in September 2024, the Office for National Statistics, a UK-based government department, reported that the UK's gross domestic product (GDP) is estimated to have grown by 0.5% in the second quarter (April to June) of 2024, a revision down from the initial estimate of a 0.6% increase. Thus, economic growth and wealth accumulation are fueling the growth of the security brokerage and stock exchange services markets.

The factor expected to drive the security brokerage and stock exchange services markets is the increasing prevalence of exchange-traded funds (ETFs). These investment funds are traded on stock exchanges and offer various advantages within securities brokerage and stock exchange services, contributing to the efficiency and dynamism of financial markets. Refinitiv reported in August 2023 that the total assets of London Stock Exchange-listed ETFs reached $1.09 trillion (£866.19 billion) in June 2023. Therefore, the escalating number of exchange-traded funds (ETFs) is a key contributor to the growth of the security brokerage and stock exchange services markets.

Major players in the securities brokerage and stock exchange services markets are increasingly adopting new technologies, such as Brokerage as a Service (BaaS) solutions, to enhance accessibility, streamline operations, and broaden their client base. BaaS is a cloud-based solution that enables financial institutions, fintech companies, and other third parties to offer brokerage and trading services without the need to develop the underlying infrastructure themselves. For example, in August 2024, HDFC Securities, a financial services company based in India, launched HDFC FinX, a BaaS solution aimed at allowing banks, fintech firms, and other institutions to provide integrated trading services. By integrating HDFC's trading application, HDFC SKY, through APIs and SDKs, partners can deliver a seamless trading experience without significant development efforts. The platform features various revenue-sharing models, including brokerage revenue sharing, hybrid models, and referral-only options.

Major companies operating in the securities brokerage and stock exchange services market are Bank of America Corporation, Northwestern Mutual Life Insurance Company, INVEST Financial Corporation, Ameriprise Financial Services Inc., Edward Jones & Co. L.P., Raymond James Financial Inc., Genworth Financial Inc., Wells Fargo Advisors LLC, H.D. Vest Financial Services Inc., Ameritas Investment Corp., Associated Securities Corporation, Commonwealth Financial Network Inc., Aura Financial Services Inc., Cambridge Investment Research Inc., Lincoln Investment Planning Inc., Geneos Wealth Management Inc., Cadaret Grant & Co. Inc., Berthel Fisher & Company Financial Services Inc., First Allied Securities Inc., Capital Financial Group Inc., Investacorp Inc., InterSecurities Inc., Capital Analysts Incorporated, Investment Centers of America Inc., Investors Capital Corporation.

North America was the largest region in the securities brokerage and stock exchange services in 2025. South America was the second largest region in the securities brokerage and stock exchange services. The regions covered in the securities brokerage and stock exchange services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the securities brokerage and stock exchange services market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The securities brokerage and stock exchange services market consists of revenues earned by entities by acting as brokers in selling securities such as equities, bonds, commodities and derivatives. Securities brokerages represent customers in dealing with securities transactions on the trading floor/online platform of stock exchanges. The securities brokerages might sometimes act as a representative for both buyer and seller. This market excludes the advisory and investment activities of the brokerage firms. This market includes transaction charges levied by stock exchanges for trading on its trading floor/online platform to securities brokerages and other fees. It does not include the value of the funds invested in securities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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